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Commerce 1994 WAEC Past Questions

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31
Which of the following is not the objective of Consumer Association? To
  • A. ensure that fair prices are charged
  • B. educate consumers on their rights
  • C. prevent fake goods from entering the market
  • D. . prevail on the govemment to enact consumer protection laws
  • E. . ensure correct specihcations as to quality of goods
View Answer & Discuss WAEC 1994
32
Zaico Ltd invoiced goods valued at N80,000 to Victory Ltd for N8,000. Which of the following will Zaico Ltd send to Victory Ltd to correct the error?
  • A. Consignment note
  • B. Credit note
  • C. Advice note
  • D. Debit note
  • E. Statement
View Answer & Discuss (1) WAEC 1994
33
Which of the following is an example of extractive industry?
  • A. Sewing dresses
  • B. Constructing bridges
  • C. Baking bread
  • D. Assembling iron rods
  • E. Digging for precious stones
View Answer & Discuss WAEC 1994
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34
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
  • A. bonus issue
  • B. private placing
  • C. offer for sale
  • D. rights issue
  • E. issue by prospectus
View Answer & Discuss WAEC 1994
35
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
  • A. bonus issue
  • B. private placing
  • C. offer for sale
  • D. rights issue
  • E. issue by prospectus
View Answer & Discuss WAEC 1994
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